2-Bedroom Apartment for Sale in Al Waha Towers T1 – Creek and Sea View

An excellent property investment opportunity featuring a spacious two-bedroom apartment with a stunning creek and sea view, an annual rental income of AED 50,000, and an existing payment plan.
Discover this spacious apartment in Al Waha Towers, Tower T1, offering a practical layout, a private balcony, and attractive views of the creek and sea.
With a total area of 1,526.9 sq. ft. , the apartment features two bedrooms, a living room, three bathrooms, and a balcony. The property is currently rented for AED 50,000 annually, making it an appealing option for investors seeking an income-generating property.
Residents can also benefit from facilities that include a dedicated parking space, a swimming pool, and a gym, adding to the property's overall residential appeal.

Property Details

Project: Al Waha Towers
Tower: T1
Property Type: Residential Apartment
Layout: 2 Bedrooms and Living Room
Bathrooms: 3
Balcony: Yes
View: Creek and Sea View
Total Area: 1,526.9 sq. ft.
Occupancy Status: Currently Rented
Annual Rental Income: AED 50,000
Parking: One Parking Space

Facilities and Amenities

Dedicated parking space.
Swimming pool.
Gym and fitness facilities.
Balcony with creek and sea views.
Spacious interior layout suitable for family living.

Financial Details and Payment Plan

Total Property Price: AED 800,000
Total Amount Paid: AED 319,778
Outstanding Balance: AED 480,222
Monthly Installment: AED 8,894
No Objection Certificate (NOC) Fee: AED 1,575
Registration Fee: 2% of the total price, equivalent to AED 16,000

The property is offered with an existing payment arrangement. The buyer should verify the outstanding balance, remaining installment schedule, developer assignment requirements, and applicable transfer fees before completing the transaction.

Investment Opportunity and Rental YieldThe apartment currently generates AED 50,000 in annual rental income, equivalent to an approximate gross rental yield of 6.25% per year based on the total property price of AED 800,000.
This figure is before service charges, maintenance expenses, and other ownership costs. The existing rental income, spacious layout, and creek and sea views make the apartment worth considering for investors seeking rental income and potential long-term value.